Azerbaijan allocated 1.064 billion manats for the reconstruction and restoration of the country's liberated territories during the first half of 2026, according to the Azerbaijani Finance Ministry.
The Azerbaijani authorities allocated approximately 1.3 billion manat for the country's defense. The largest budget expenditure item was salaries.
From 2027 through 2030, Azerbaijan plans to allocate 13.3 billion manats, or more than 24% of its budget expenditures, to the restoration of liberated lands, according to the country's Ministry of Finance.
By the year 2030, Azerbaijan's GDP is projected to reach around 167 billion manat, with an anticipated rise in the contribution of the non-oil and gas sector.
Azerbaijan plans to cut its defense spending by 8.6% over the next five years. By 2030, the republic expects to spend less than $5 billion on its military.
In two months of 2025, defence and national security expenditures within Azerbaijan's state budget amounted to more than $1 billion, which equals to 120.8% in comparison to the allocated target amount, the Azerbaijani Ministry of Finance …
The Zangazur corridor will significantly enhance the capacity of the Trans-Caspian International Transport Route (the Middle Corridor), Azerbaijan’s Minister of Finance Samir Sharifov said during a panel discussion as part of the …
The Ministry of Finance of Azerbaijan said that the reintegration of Karabakh into the country's economy was the main priority of Baku. Billions of dollars have been allocated for the restoration of Karabakh.
The state budget of Azerbaijan for 2023 will provide 5.2 billion manat ($3 billion) for expenses related to accelerating construction, restoration and reconstruction work in Azerbaijan’s Karabakh and Eastern Zangazur districts, …
For three years, Azerbaijan has allocated over $6.6 bn for the restoration of Karabakh
The year 2020 has not been an easy year for Azerbaijan, Minister of Finance Samir Sharifov said at the meeting of the Azerbaijani Parliament commenting on the proposals and opinions of the MPs. The finance minister said the coronavirus …
A special state program draft is being developed for the restoration of the Azerbaijani territories liberated from the Armenian occupation, Azerbaijan's Minister of Finance Samir Sharifov said at a meeting of the Azerbaijani Parliament today, …
The Azerbaijani parliament approved the bill 'On state budget of the Republic of Azerbaijan for 2020' today at the last reading. The revenues and expenses of the consolidated budget for 2020, as in the submitted bill, are …
The Azerbaijani authorities don't rule out that depreciation of currencies of the neighboring countries and trade partners of Azerbaijan increases impact on manat rate, Azerbaijani Finance Minister Samir Sharifov …
Azerbaijan will gradually restore its sovereign rating, the country's finance minister, Samir Sharifov, said. "Our rating will be gradually restored with the stabilization of the economic situation, the growth …
Baku and Doha have to raise the level of economic cooperation to the level of political cooperation, establish an economic bridge between the countries, and there are a lot of prospects for that, the President of Azerbaijan Ilham …
A committee on financial market stability regulation will be created in Azerbaijan, the head of the working group on the establishment of the country’s financial market supervisory body, Rufat Aslanli, said at a …
Azerbaijan is now taking concrete steps to sign a document designed to encourage the development of non-oil industry, business, improving transparency, including in the financial sector, and further strengthening of public control mechanisms. …
Yesterday the Ministry of Finance of Azerbaijan successfully organized auctions for sale of government bonds for 20 million manats and $12 million, the agency reported. "Investors purchased bonds for 5 million manats with …
The government of Azerbaijan has submitted a new draft state budget for the current year to the president Ilham Aliyev, Azerbaijani Finance Minister Samir Sharifov said. According to him, the base price of oil …
